Currently, the cryptocurrency market exhibits mixed signals, with SUI showing growth while Ethereum experiences a decline. Meanwhile, BlockDAG draws attention with its strategy and raised funds.
Current Situation of the Cryptocurrency Market and SUI
The SUI ecosystem is a successful project trading between $2.81 and $3.03 while maintaining above $2.95. With around $984 million in trading volume and over 155 million active accounts, SUI showcases real usage. Partnerships with projects like WAYE.ai and Real Vision foster its growth and attract institutional investments. Currently, SUI ranks among the top 15 chains in DEX volume, emphasizing its significance.
Ethereum Price Decline
The recent drop in Ethereum price has brought it down to about $2,520, hitting intraday lows around $2,493. This 7% decline occurred amidst geopolitical tensions, particularly regarding the Israel-Iran situation. The key support level now stands around $2,500, holding above which might indicate a bounce, while a break could pull it down toward $2,260. Despite the decline, ETH remains a key asset for smart contracts, staking, and DeFi.
BlockDAG's Success and Strategy
BlockDAG is taking significant steps ahead of its exchange debut. Over $313.5 million has been raised toward its goal of $600 million, with shipments of mining rigs X30 and X100 planned for July and X10 for August. In the first sale phase, over 22.9 billion coins were sold, and its roadmap includes airdrops and the launch of DeFi tools. BlockDAG's plans indicate a commitment to achieving substantial milestones within the ecosystem.
Currently, SUI shows steady growth with positive investor attention, while Ethereum faces short-term challenges. Meanwhile, BlockDAG appears to be on track for a successful exchange debut, moving forward with clear results and plans.
